Which kind of situation will force you to sell?

[Lillominato89]

at the current date it is still premature to talk about mass adoption, I agree with your thinking but it is an event that today is still in its primordial state, not all countries of the world accept payments with bitcoins, so many of us find ourselves having to sell for $ or € before being able to use btc, then in the specific case he said he had to use them for health needs, he didn't use them directly but it is as if he had done it by selling them for $ or in another FIAT. obviously we would never have mass adoption if we all keep them in wallets. there is a need for merchants, companies and individuals to start accepting payments in btc first

I think that if you want to achieve a circular economy in your locality, you need to spend your bitcoins, which don't necessarily have to be spent and not repurchased, but rather help move bitcoin liquidity in such a way that anyone can spend it in turn.

your observation is more than correct and I share it, but there is a significant problem, finding who is willing to accept Bitcoin as an alternative payment method, there are someone who is willing but they are often present in large cities, small ones for the moment are the most problematic ones! there is an urgent need to orangepill as much as possible to obtain mass adoption

[mendace]

your observation is more than correct and I share it, but there is a significant problem, finding who is willing to accept Bitcoin as an alternative payment method, there are someone who is willing but they are often present in large cities, small ones for the moment are the most problematic ones! there is an urgent need to orangepill as much as possible to obtain mass adoption

This is partly true but I remind you that humans are curious by nature and it would be enough to talk about the advantages of Bitcoin to a trader to ignite the spark.  Moreover, to give him the confidence that he can cash in his shitty Fiats at any time, one could reassure him by exchanging his btc/fiat receipts between local Bitcoiners, for example if he wants to have $50 and has enough btc to be able to sell someone from the area passes by and does the peer-to-peer exchange.  easy.

[Dakcrypto]

There are so many situations that can make one sell his/ her Bitcoin, especially here my country Nigeria you can easily get into situations that can cost your life.
I will give one example of situations that can make me sell my Bitcoin if I had one.
1. Health issues
I can not have a Bitcoin in my wallet while I have health issues that is a threat to my life, some claim to be strong holders according to OP but if this holders get into health situations they will have no option than to sell their bitcoins because it is only some one who is alive that reap the fruit of their labours. If you die holding your Bitcoin mean while you can sell this same Bitcoin and save your live I consider it to be suicide. Some people hold bitcoins not because they are Bitcoin lovers but just to impress other who also deal with bitcoins or people in the forum, just to prove themselves strong holders of BTC, am writing from experience.
Again i say HEALTH ISSUES is one of the major issues that can make me sell my Bitcoin.

[DeathAngel]

I always sell some during raging bull markets & then buy back when the price crashes in harsh bear markets. Being forced to sell implies selling in unfavourable situations. To answer the question, reasons that would force me to sell would be something like losing my job or a large medical bill that my insurance wouldn’t cover, maybe large structural damage to a home from a lightning strike (freak situations).

It’s never good to sell in emergencies but I guess if you have no other way of paying for something then you’ve got to do what you’ve got to do. I would hate to have to sell a large % of my holdings during unfavourable market conditions though.

[pgbit]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

I think it ultimately comes down to an individual’s situation and their own personal threshold. If a person is in a position where they need to raise funds in order to cover an emergency expense related to family or health, then selling some of their bitcoins may be a reasonable option. But for someone in a more stable financial situation, it may be possible to weather any economic discomfort without selling. Ultimately, it is up to each individual to decide what level of pressure is sufficient to warrant selling some of their bitcoins.

[Oilacris]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

I think it ultimately comes down to an individual’s situation and their own personal threshold. If a person is in a position where they need to raise funds in order to cover an emergency expense related to family or health, then selling some of their bitcoins may be a reasonable option. But for someone in a more stable financial situation, it may be possible to weather any economic discomfort without selling. Ultimately, it is up to each individual to decide what level of pressure is sufficient to warrant selling some of their bitcoins.

We do have our own threshold on which we do end up on selling our coins because there are no other ways which for us to be able to solve out the problem that we are currently facing on.We know that

we dont hold the future on which it is really that there are moments or times on where you do end up on having that financial problem which you dont have any choice but to make use on what you have
saved all over the years.Yes, it does give out that bad feeling on spending those but be thankful that there's something you could spend out and didnt end up on taking up some loan.
It is really hard to resist on doing such act specially if you do know deep inside that you do have the money to spend.

[crypticj]

Everyone treats bitcoin differently so they have different baselines for that.
I think the only reason to sell BTC for people who are into crypto because of the tech is when they need money ASAP and it's a question of life and death, but some people will do it just because they achieved their investment goals.

[landheer]

Everyone treats bitcoin differently so they have different baselines for that.
I think the only reason to sell BTC for people who are into crypto because of the tech is when they need money ASAP and it's a question of life and death, but some people will do it just because they achieved their investment goals.

I agree with your opinion, and like that friends ,,,
and indeed most people sell btc when they have reached their investment goals, but there are also many people who sell btc for social purposes such as helping earthquake flood victims and so on.
but usually the factors that make people sell bitcoin are usually health problems, and the fall of the economy that makes a lot of people sell btc, but for beginners it's usually too panic because the price of btc goes down to even sell btc. actually very many factors that cause people to sell btc.

[Godday]

This is a question that has a variety of answers.  Everyone has their own choice when making the decision to sell it.  And if you ask me, I personally only sell my assets when I need emergency funds.  I am someone who prefers long term investing so I never thought of trading with little profit.

[mich]

There is many situations that will make me forced to sell my Bitcoin. If I am in need of fiat it is very nice to know I have saved up my Bitcoin to sell it but I do not like to do this. There is not many bad feelings more then selling your Bitcoin at a loss.
A situation that will force me to sell will be when Bitcoin going on another big 'bull run'. I have gone through many of these cycles now so in the future I will take some profits and then buy back Bitcoin when the price corrects. When the next Bitcoin halving takes place I will also sell some.

[KiaKia]

There is only one reason why I will press the sell button 🔵

If there is a big pump on Bitcoin price, well, that is the alarm for selling time, because we know that it is always the right time to take profit when a massive pump happens, only a fool will see a massive pump and still do nothing, because there is a chance that the pump will correct itself soon.

And if a dump happens, let's say, Bitcoin goes down to 8,000$ I don't see any reason to sell because there must be a reason why the dump takes place, and most bitcoin dump happens because of very bad news about the economy or the government find a way to manipulate the market

At this rate, I will press the buy button 🟢

Because what goes down will surely go up when the right time comes, Bitcoin at 8000$ will become very attractive to the big whales and even the government, I don't want to believe that the government isn't buying Bitcoin even though they appear not to like the technology.

[Lillominato89]

your observation is more than correct and I share it, but there is a significant problem, finding who is willing to accept Bitcoin as an alternative payment method, there are someone who is willing but they are often present in large cities, small ones for the moment are the most problematic ones! there is an urgent need to orangepill as much as possible to obtain mass adoption

This is partly true but I remind you that humans are curious by nature and it would be enough to talk about the advantages of Bitcoin to a trader to ignite the spark.  Moreover, to give him the confidence that he can cash in his shitty Fiats at any time, one could reassure him by exchanging his btc/fiat receipts between local Bitcoiners, for example if he wants to have $50 and has enough btc to be able to sell someone from the area passes by and does the peer-to-peer exchange.  easy.

 is easy to say, but in practice it is not so simple. it is certainly a viable road but it must not be the only one available. the more people become enticed the better it will be for everyone, I'm going back to the topic, if there are no new people ready to enter the crypto world and if there are no other ways for an individual to use Bitcoins to pay for any good or service, all that remains is to be able to sell your btc via cex or dex and we will stay away from satoshi's vision

[GiftedMAN]

I may not have had the experience of owing bitcoin at the early stage but ever since I got to know about bitcoin and how it works, I have had the opportunity to buy some not just for myself alone but for my unborn children which I took a decision not to mention it to anyone else unless my children when they are old enough to know about financial education.

Regardless of my health condition the only reason why I can sell some of my bitcoin is when am financially down, with money I can get a good health care but without money life will be miserable and when it gets to the level where I don't have money to take good care of myself, I can think of selling some from my holding though it's going to be a difficult decision to make but I can still buy more when I get back financially again.

[DevilSlayer]

I have stop loss and target profit, I'll only sell my bitcoins if the price of bitcoin got hit by my stop loss or my target profit. Why is that? because I created an organized plan that is backed by my own rules. Right now, the bitcoin is in the bullish state where the price is continuing to increase but there are still exterior factors that can invalidated my bias so I have cut loss strategy. If the price of bitcoin suddenly reverse where the sentiment became bad, then for me it is better if I will sell all my bitcoins because there is a high chance that the price may go cheaper. This is just a scenario in my head and it is a situation for me that I can say that I'm force to sell my bitcoins because for me it is better if I'll buy again in the consolidation.

The another scenario in my head is when my target profit achieved, as for now; my insight is that the bullish will be good for this year wherein there is a chance that the bitcoin may beat its previous ATH. My target profit will be above ATH if that situation happen.

[bittraffic]

I have seen people in the discord where they are pretty much solid not selling even their altcoins. They drop 70% already but some of them are proud to say they have diamond hands.

If BTC price goes $1M I think many will be forced to sell, yet also happy to do so. The institutions should just pump BTC so that we will all be forced to dump our BTC. For me, I might just sell also if BTC is going to be banned.

[AnonBitCoiner]

If one holds the bitcoin then nothing will force him to sell his bitcoin if he has planned for the emergency situations. Therefore it is necessary to invest that part of money in Bitcoin which you think that is not in use and you have keep another portion of money for the emergency purposes.

One another point to be successful in investment is that a person should diversify his investment. Two or three coins should be selected which are successful in future so therefore you can avoid selling bitcoin in emergency situations.

I think if bitcoin gives you double profit then at that situations selling of some bitcoin to reap the benefit is good decision but selling whole of it does not suited well because at some stages of life you will have surely higher return than this.

[deathcode]

Everyone treats bitcoin differently so they have different baselines for that.
I think the only reason to sell BTC for people who are into crypto because of the tech is when they need money ASAP and it's a question of life and death, but some people will do it just because they achieved their investment goals.

I agree with your opinion, and like that friends ,,,
and indeed most people sell btc when they have reached their investment goals, but there are also many people who sell btc for social purposes such as helping earthquake flood victims and so on.
but usually the factors that make people sell bitcoin are usually health problems, and the fall of the economy that makes a lot of people sell btc, but for beginners it's usually too panic because the price of btc goes down to even sell btc. actually very many factors that cause people to sell btc.

Someone will not feel compelled if their initial goal of investing in Bitcoin has been achieved, they will definitely be happy to sell it because they feel that they have made a lot of profit and it is in accordance with their original purpose of investing in Bitcoin.
You are right there are many factors that will influence us to be forced to sell our Bitcoin. If someone feels compelled to sell Bitcoin, of course they are definitely in a very urgent condition and there is no other way or choice but to sell their Bitcoin to overcome the problem or disaster they are experiencing.
If beginners sell their Bitcoins just because they are panicked, I think this is a different context, they are forced to sell because of panic and their ignorance of the market and have no emergency reasons.

[RockBell]

Selling when the price is not in anyone's favor is actually not cool, but given that family and health are involved, there is no other option, so I don't mind doing so. I love my family and what is the point of having bitcoin when my family is in dire need, and like they say, health is wealth," the two aforementioned subjects are crucial and cannot be ignored. I also know that my family will support me if I ever find myself in a similar situation. After all, as the saying goes, one good turn deserves another. So the truth is i can sell if it involves family and health.

[danadc]

The situation that would force me to sell bitcoin is that someone in my family was ill and I can't find a way to solve it, then I would sell it because it's the only way I can help and that without knowing the price of bitcoin even if it's down or up, I don't care, I believe that the values that one has that were instilled in them is what moves everything, and if there is a great help like that of bitcoin it is something that I would not miss out on, Bitcoin is a way of living life and if it is to save lives it is better.

[Vaculin]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

I guess seeing our family suffering from any health condition is already enough to consider selling some of our coins. Our investment will seem useless if it cannot help our loved ones in the first place. After all, I decided to invest not just to help myself, but also to give help and comfort to my family, and if I fail on that, it’s like I lost the purpose why I have done investing in the first place. So for me, I won’t never doubt selling my coins as long as it can guarantee the healing of my family from its worst health condition.